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Pennsylvania was among several states that filed lawsuits Tuesday alleging that credit rating agency Standard & Poor's contributed to the nation's financial crisis by fudging its ratings. S&P is accused of misconduct involving securities backed by residential

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Pennsylvania was among several states that filed lawsuits Tuesday alleging that credit rating agency Standard & Poor's contributed to the nation's financial crisis by fudging its ratings. S&P is accused of misconduct involving securities backed by residential

The Nazareth Area Board of Education earlier this week unanimously signed off on floating a bond for up to $31 million as the final borrowing package to pay for the ongoing middle school project and to refinance existing debt.
The bond would give the...

In its latest reaction to a mounting safety scandal, General Motors Co. recalled 1.5 million more vehicles and set aside $300 million to pay for repairs.
The move follows the automaker's apologies over delays in fixing a deadly ignition switch problem....

NEW YORK – The prospect of a U.S. debt default has unnerved investors, corporate executives and foreign leaders.
What's so troubling about Congress failing to raise the nation’s debt ceiling by Thursday? Here are basic facts about the debt ceiling and...

WASHINGTON — In the grand scheme of the $16-trillion U.S. economy, the nearly three-week government shutdown and standoff over the debt ceiling may not look like much. Analysts estimate the loss at tens of billions of dollars, and reckon that much of that...

WASHINGTON -- Fitch Ratings on Friday upgraded its outlook for the U.S. AAA credit rating, removing the nation from a downgrade watch after politicians put off another debt limit battle until next year.
The company, one of three major credit rating...

A parade of bad news followed United Airlines on Thursday, one day after the government declined to bail out the nation's second-largest air carrier.
The rejection of United's request for a $1.8 billion loan guarantee set off a run on the airline's...